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Jan 17, 2013
01/13
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would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military costs for years. >> sharply rising health care costs are consuming an ever-larger share of this department. growing from 19 billion 234 in . >> military health care costs have gone up 300% in the past decade. 2012 was the first year since 1995 military personnel saw an increase in health care premiums. now, there are two things republicans love. the military and reducing the deficit. republican should be thrilled with the public option. how can you make a hundred billion dollar mistake? who's doing the math? will it save or won't it save? let's turn to the author of the bill, january schawowsky of illinois. >> i'm so happy that wendy is doing well. >> thank you. we appreciated your phone calls very much. congresswoman, the math? >> the estimate is it's $104 billion over 10 years. it saves the government money. in terms of the subsidies, in the exchanges, it would be one option
would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military costs for years. >> sharply rising health care costs are consuming an ever-larger share of this department. growing from 19 billion 234 in . >> military health care costs have gone up 300% in the past decade. 2012 was the first year since 1995 military personnel...
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Jan 20, 2013
01/13
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getting the economy under "control" will be very, very important. the president faces one problem, though, and we become almost a parliamentary system in the actions of legislative bodies and he's got a republican house that he's got to find a rhythm to work with him. president clinton did that, joe, his second term we were able to balance the budget for four years, but it's difficult and they have not found a rhythm yet and until they do that, i think it limits what he can get done. >> interesting to me because in an early press conference the president said he was well aware of what happened to many other presidents in their second terms and clearly referring to an overreach that you have with second-term presidents who were thinking about their legacy. joe, as you look at, as you look at president obama and you look at his agenda, gun control, immigration reform, climate change, got to get through all the fiscal problems first. i mean, is that overreach? >> i don't think so. there are things that he has to do. climate change is a really difficult
getting the economy under "control" will be very, very important. the president faces one problem, though, and we become almost a parliamentary system in the actions of legislative bodies and he's got a republican house that he's got to find a rhythm to work with him. president clinton did that, joe, his second term we were able to balance the budget for four years, but it's difficult and they have not found a rhythm yet and until they do that, i think it limits what he can get done....
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Jan 19, 2013
01/13
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lou: the obama economy in tonight's "chalk talk" we take a look at the obama economic failure. anti-gun advocate started as seven democrat, and day distort his campaign ad. he supports the second amendment steven haze of the weekly standard, a former bush special assistant to next. ♪ have given way to sleeping. tossing and turning where sleepless nights yield to restful sleep. and lunesta®(eszopiclone) can help you get there. like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, hallucinations, or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions such as tongue or throat swelling occur rarely and may be fatal. side effects may include unpleasant taste, headache, dizziness, and
lou: the obama economy in tonight's "chalk talk" we take a look at the obama economic failure. anti-gun advocate started as seven democrat, and day distort his campaign ad. he supports the second amendment steven haze of the weekly standard, a former bush special assistant to next. ♪ have given way to sleeping. tossing and turning where sleepless nights yield to restful sleep. and lunesta®(eszopiclone) can help you get there. like it has for so many people before. when taking...
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Jan 20, 2013
01/13
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you have to have growth of the economy, but i need to see policies will actually do that. we don't see them now. >> i spoke with david plouffe in the segment before this. he said that he is confident there are enough vote he is in the huntsd requisite 60 votes in the senate to pass universal background checks for gun owners and limiting the clips, those high-capacity magazine clips that i can fire off so many rounds to 10 and under. do you think that's so? do you think congress would pass a ban on those clips i with ten or over and a universal background check is that gonna happen? >> no, i don't think it will. candy, that gets beside the major issues this face american families you can jobs and the economy and the debt and spending that's where people are focused. that's the big anxiety of this country. >> sure, i agree with you, but as you know, you deal with a lot of things up there and the white house, people and their families deal with a loft things, one of the things out there are is gun control of some sort, addresses newtown, gun control or better access to mental
you have to have growth of the economy, but i need to see policies will actually do that. we don't see them now. >> i spoke with david plouffe in the segment before this. he said that he is confident there are enough vote he is in the huntsd requisite 60 votes in the senate to pass universal background checks for gun owners and limiting the clips, those high-capacity magazine clips that i can fire off so many rounds to 10 and under. do you think that's so? do you think congress would pass...
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Jan 21, 2013
01/13
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the issue -- my analogy is to the economy for president obama. if this economy doesn't come roaring back, he's going to have second term problems. >> but what i remember about president bush was that he started to do social security reform, and that turned out to be a huge problem for him before he did immigration, and i think i read actually in his book, correct me if i'm wrong, that he wished that it had been reversed, that he had done immigration -- so the order in which you do things? >> gloria, that's really impressive, if you can remember that level of detail from his book. >> hello. >> i colored in a few pages. >> but i also covered that, so i actually remember that, but -- >> i wouldn't have colored in the pages on your boss' book, they're too colorful. >> but you just made an important point. he couldn't find the center on a big issue. gloria, you know, we have polarized politics in bill clinton's time, much of it because of the personal stuff, but not all of it. polarized politics in president bush's time. polarized politics in the firs
the issue -- my analogy is to the economy for president obama. if this economy doesn't come roaring back, he's going to have second term problems. >> but what i remember about president bush was that he started to do social security reform, and that turned out to be a huge problem for him before he did immigration, and i think i read actually in his book, correct me if i'm wrong, that he wished that it had been reversed, that he had done immigration -- so the order in which you do things?...
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Jan 21, 2013
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and that's where they have to work together to turn the economy around. because that's of course what is going to be -- >> even if he decided not to run, he would keep that a secret as long as he could. because that's his leverage, isn't it, david gergen? we knew in the second term dick cheney was not going to run in the bush years and you saw he lost some foreign policy issuei. if the first year, he was dominant. and he was not as big a force in the republican party because people knew he was not going to be on the electoral battlefield. >> i think that's right, john. from his point of view, what he also -- he has to worry not only about whether hillary clinton's going to get in, not only about his own age and health, he has to worry about the overall success of this partnership. he has a very strong self-interest in seeing barack obama succeed. as you well know, after eight years of one party being in office, it's not easy to hold on to that office. and one of the things that helped to elect george h.w. bush at the end of reagan was reagan went out on a
and that's where they have to work together to turn the economy around. because that's of course what is going to be -- >> even if he decided not to run, he would keep that a secret as long as he could. because that's his leverage, isn't it, david gergen? we knew in the second term dick cheney was not going to run in the bush years and you saw he lost some foreign policy issuei. if the first year, he was dominant. and he was not as big a force in the republican party because people knew...
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Jan 16, 2013
01/13
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and it could be great for the american economy. the tech industry wants to reform because it would stop the brain drain of highly skilled workers putting undocumented laborers on the books is a good thing because it pumps dollars into the economy. i am joined tonight by hilda solis, secretary of labor who is leaving that position, but in my opinion has done a fabulous job. >> thank you. >> you've been a tremendous advocate across the board for not just labor, but for the environment, green jobs, women's rights. >> thank you. >> the lot. hilda, what about immigration reform and what it would mean to the treasury. how many more americans, how many more people would we get on the rolls on paying taxes in this country if it were done properly? >> well, if people were thinking rationally, we would look at putting money back into our treasury and the social security fund, in the medicare and medicaid fund, because people would be brought out of the shadows. you're talking about billions of dollars. in fact, what the president has done ri
and it could be great for the american economy. the tech industry wants to reform because it would stop the brain drain of highly skilled workers putting undocumented laborers on the books is a good thing because it pumps dollars into the economy. i am joined tonight by hilda solis, secretary of labor who is leaving that position, but in my opinion has done a fabulous job. >> thank you. >> you've been a tremendous advocate across the board for not just labor, but for the...
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Jan 16, 2013
01/13
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it's been hard on them and the economy, but we found an experiment in retraining... [paper tears] >> the resume, very soon, will become an obsolete tool in the job-search process. >> that may just offer a way back. you just got a new job. >> yes, i did. brings a smile to my face. >> i see that. >> welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we look at two innovative experiments in the housing and job markets aimed at solving long-term problems caused by the great recession. and later on, we examine the impact on brevard county, florida, of scuttling the space shuttle program. we begin with the housing industry. chances are the home you're in isn't worth what it used to be. you may not have indulged in the real estate bubble with its liars' loans and wall street greed, but you were stuck with the bill. and if you thought your home value couldn't drop any more, have a look up and down the block. you might say, "there goes the neighborhood." one of the threats from the great recession was the sudden surge in the number of abandoned houses. as scott pe
it's been hard on them and the economy, but we found an experiment in retraining... [paper tears] >> the resume, very soon, will become an obsolete tool in the job-search process. >> that may just offer a way back. you just got a new job. >> yes, i did. brings a smile to my face. >> i see that. >> welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we look at two innovative experiments in the housing and job markets aimed at solving long-term problems...
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Jan 20, 2013
01/13
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he had the best economy in a generation, that was the time to get them durngs the lewinsky scandal came along. bush tried to do them, iraq war and then katrina. he couldn't get it done. will this president seize this moment and tries to do medicare and social security, his vice president say i want to run for president. >> he will be more successful because he's tougher. there's danger and frankly david gergen, wrote a great piece on cnn.com called obama 2.0, really goes through it. there are dangers but he's going to be more successful because he's tougher. i think republicans respect him more as a tougher negotiator. >> what about democrats? >> he's got problems. >> here's my question to you which is, you've gottlieb brawl it democrats and the fiscal test is going to be all of these issues coming up on how you cut spending, what you do to the military, mine all of this stuff coming up. if the president says, i want a grand bargain and we've got to cut medicare as part of a big deal, where -- is he going to say to his own party, sorry, guys? >> he will say that and i will say this, the
he had the best economy in a generation, that was the time to get them durngs the lewinsky scandal came along. bush tried to do them, iraq war and then katrina. he couldn't get it done. will this president seize this moment and tries to do medicare and social security, his vice president say i want to run for president. >> he will be more successful because he's tougher. there's danger and frankly david gergen, wrote a great piece on cnn.com called obama 2.0, really goes through it. there...
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Jan 16, 2013
01/13
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lou: let's take a quick look at what is happening to the markets and the economy. fitch is warning of a possible u.s. downgrade the debt ceiling talks drag on. citigroup had will join us here in just moments. retail stocks rolling up better than expected holiday sales season. the dow jones industrials up 27 points on the day. the s&p managed a point gain but still reaching anoer five-year high. the nasdaq is down six, that is only slightly from yesterday. the commerce department reported retail sales rose a half precent in december, november sales also revised higher. apple is "the biggest loser" in the s&p 500 today, down more than 3% again. it's on yesterday's losses also reports of weak demand and apple shares closing today just under $486. apple stock with $702 is back on the 19th of september. crude oil down 86, just over $93 per barrel. gold of working for $5. going above $1683. the 10 year treasury down 1.3% in feel. margins beginning on a positive note this year. the s&p all 3% higher year-to-date. the economy showing signs of surprising strength and stabil
lou: let's take a quick look at what is happening to the markets and the economy. fitch is warning of a possible u.s. downgrade the debt ceiling talks drag on. citigroup had will join us here in just moments. retail stocks rolling up better than expected holiday sales season. the dow jones industrials up 27 points on the day. the s&p managed a point gain but still reaching anoer five-year high. the nasdaq is down six, that is only slightly from yesterday. the commerce department reported...
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Jan 20, 2013
01/13
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they say it's keeping the economy down. but won't getting rid of it just push the economy down even more? hi, everyone, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, gary b smith, jonas max ferris and along with todd schoenburger. >> gary get rid of the debt ceiling best or worst thing for the economy? >> it's absolutely the worst thing, brenda. the left likes to say, well, you know, ronald reagan raised the debt limit 18 times, george bush raised it 7 times, bill clinton raised it 8 times. so, you know, both sides do it so it must be okay, and from the perspective of fair and balanced, it has to stop no matter who is president. we go through the same cycle, we raise the debt limit, spend more,en gout and borrow more, and raise the debt limit again and it looks like it's unstoppable, but this is the check and balance of how to govern our society. we can't afford the bills we have now to pay. someone has to say, no, spend what you have and let's move on. >> brenda: you
they say it's keeping the economy down. but won't getting rid of it just push the economy down even more? hi, everyone, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, gary b smith, jonas max ferris and along with todd schoenburger. >> gary get rid of the debt ceiling best or worst thing for the economy? >> it's absolutely the worst thing, brenda. the left likes to say, well, you know, ronald reagan raised the debt limit 18...
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Jan 21, 2013
01/13
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and we're going to put this nation's economy on a sustainable path to the future. ladies and gentlemen, it's my great honor to introduce you to a magnificent, a truly magnificent first lady, michelle obama and the guy she hangs out with, my friend, president barack obama! [ applause ] hey! hey. i thought you weren't coming out. >> we were -- >> i thought you weren't coming. i thought you changed your mind. >> hi, everybody. excuse our tardiness. but you know what? when stevie wonder has a few words to say to you, you don't rush stevie wonder. so pardon our delay. but thank you, thanks so much, jill. thank you for that kind introduction. but more importantly, thank you for your leadership and service. [ applause ] i love jill biden! i love jill a little bit more. but i want to thank you both, you know, for making this journey so much more fun. >> yes, that's right. >> our families have bonded and this is just been a phenomenal four years. and i'm ready to do four more with both of you. >> four more. >> four more. >> four more. >> and most of all, i want to thank all
and we're going to put this nation's economy on a sustainable path to the future. ladies and gentlemen, it's my great honor to introduce you to a magnificent, a truly magnificent first lady, michelle obama and the guy she hangs out with, my friend, president barack obama! [ applause ] hey! hey. i thought you weren't coming out. >> we were -- >> i thought you weren't coming. i thought you changed your mind. >> hi, everybody. excuse our tardiness. but you know what? when stevie...
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Jan 15, 2013
01/13
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melissa: is good for the economy, good for jobs, what is your main message? >> fracking has never polluted water sources. at least the head of the epa, she said that twice to congress, not a single piece of scientific evidence to show the fracking -- melissa: because there is no evidence, people have not been out there looking at it, have not been focused long enough. just trying to be the devil's advocate. >> fracking has been going on in america since 1947. there is a big test pool. we would have known about it by now. every step to fracking it is scientific reports. this is one place where the science is settled. fracking has been going on since 1947. melissa: do you think you'll be able to reach enough people out there o where does the name of matt damon reach more people? >> it has zerasked nominations, a very interesting phenomenon. we will be on tv and that is great, every american, most americans will have a chance to see it. on access to january 22, 9:00 p.m. eastern. melissa: you have to get your plug-in. thank you for coming on. time for today's fu
melissa: is good for the economy, good for jobs, what is your main message? >> fracking has never polluted water sources. at least the head of the epa, she said that twice to congress, not a single piece of scientific evidence to show the fracking -- melissa: because there is no evidence, people have not been out there looking at it, have not been focused long enough. just trying to be the devil's advocate. >> fracking has been going on in america since 1947. there is a big test...
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Jan 19, 2013
01/13
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and -- but the economy, we've had a tough four years. and she's known for wearing her fashions over and over again. i wonder whether she'll make a fashion statement and wear a dress she's already worn. >> now that would be a big statement because she certainly hasn't been afraid to do that before. >> exactly. >> let me ask you about something from back from 2008. she wore this lemongrass-colored outfit designed by a cuban american designer actually, isabelle toledo. was that a good choice do you think? is that a good dress for her? >> you know, it was funny because a lot of people had a lot to say about there particular outfit. you know, it was her first term as first lady, as well. and you're out making a statement. now, it was both conservative, yet the color was a little different. you know, it's not necessarily everybody's cup of tea. but the point is, she liked it. and i think that was the statement there, that she was saying, i'm going to be wearing what i like to wear. what i'm comfortable in. and that's what it's about. fashion i
and -- but the economy, we've had a tough four years. and she's known for wearing her fashions over and over again. i wonder whether she'll make a fashion statement and wear a dress she's already worn. >> now that would be a big statement because she certainly hasn't been afraid to do that before. >> exactly. >> let me ask you about something from back from 2008. she wore this lemongrass-colored outfit designed by a cuban american designer actually, isabelle toledo. was that a...
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Jan 20, 2013
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in the tough economy-- >> but the union job growth muc >> i'm going to stick to topic, but i don't want people to think because it's a right to work state. i'm telling you, it's not. and for a guy that's been at a couple of protests and strikes, my dad was a union guy i'm a big supporter of unions, particularly private sector unions, not public sector unions. >>eil: that's the point on the message, is why we have a stark correlation between non-- nonunion factory jobs growing, and union factory jobs. >> in a tough economy those jobs pay more than the $3 an hour you get when you're a nonunion worker and those jobs get cut first. >> neil: adam, what do you think of that. >> well, i don't think it's any shocker, first of all, that as we've already been saying that there's been a shift. this shift has been going on for a long time. and we could, at some point we'll stick a fork in the unions because clearly, they're dwindling. having said that, there's also no shock that these organizations are going to act in their self-interest. we could do whole shows on other sectors of the economy that
in the tough economy-- >> but the union job growth muc >> i'm going to stick to topic, but i don't want people to think because it's a right to work state. i'm telling you, it's not. and for a guy that's been at a couple of protests and strikes, my dad was a union guy i'm a big supporter of unions, particularly private sector unions, not public sector unions. >>eil: that's the point on the message, is why we have a stark correlation between non-- nonunion factory jobs growing,...
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Jan 16, 2013
01/13
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if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychological shock that will temporarily send share prices sharply lower, but provided that policymakers in washington could reassure markets that washington is going to do more to stabilize the budget. maybe that -- gerri: it makes into the pipe. they did it -- did not to say there are going to downgraded if we did not like the debt ceiling prices go away. they also said the current outlook is likely to be resolved even if another debt ceiling crisis is averted. they want to see spending cut. now, do you think that the markets would go to town if there was some big deal on spending? >> i think if substantial progress was made at kirby expenditures over time so that this threat of a data rate could be
if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychological shock that will temporarily send share prices sharply lower, but provided that policymakers in washington could reassure...
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Jan 15, 2013
01/13
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, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when obligations to spreadtorcreditors or investorst paid. that is their mortgage emergencies, that upsetting the other stuff, defaulting it is not, that is why some republicans are paying so tough, raise but only if you match in equal spending cut,
, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top,...
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Jan 18, 2013
01/13
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state and local level consumes one-third more of the economy in california and texas. said one-third of the nation beaufort one negative 11 negative welfare recipients are in california all there 1/8 of the population. everything. john: a percentage of households receiving public assistance is much higher in california and lower than average in texas. that means that you start the pork people. >> 42% lower cost of living in texas and california. u.s. census bureau has been criticized over 20 years for not taking into account the cost of living that different states with housing and food and clothing. john: there was the old poverty rate measure were texas lost 16 percent of the people in california were in poverty, of 17 percent in texas but now it includes the cost of living. >> and government benefits. with this new measure would week after the election news see the state with the highest poverty rate in the nation is california even higher than the district of columbia. that should be a warning to progressives who maintain the big government model is the path of to
state and local level consumes one-third more of the economy in california and texas. said one-third of the nation beaufort one negative 11 negative welfare recipients are in california all there 1/8 of the population. everything. john: a percentage of households receiving public assistance is much higher in california and lower than average in texas. that means that you start the pork people. >> 42% lower cost of living in texas and california. u.s. census bureau has been criticized over...
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Jan 15, 2013
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what would it mean for the market or the economy and would republicans again get the blame? >> republicans unfairly got the blame for last time. uncontrolled spending and inability to bring it back. that is whatauses the credit downgrade. these squabbles over the debt ceiling and the fiscal cliff ultimately get resoed and they don't change the status quo much. if you look at history you realize this is not what is threatening the credit worthiness, it is spending. >> to exploit, who wants to do this, have to entitle spending because with 10,000 people turned 65 everyday, this is unsustainable and we have to modernize the system. gerri: words from your lips to god's ears. thank you for coming on. thank you so much. >> thank you. gerri: and we come back to gerri: of good news for housing? a handful of new surveys being released and obamacare adding middle-class americans bottom line but some say it could be even worse than we thought. we will hear from the governor on what has been called a mandate plus. there is a man right there. stay with us. ♪ [ male announcer ] how do y
what would it mean for the market or the economy and would republicans again get the blame? >> republicans unfairly got the blame for last time. uncontrolled spending and inability to bring it back. that is whatauses the credit downgrade. these squabbles over the debt ceiling and the fiscal cliff ultimately get resoed and they don't change the status quo much. if you look at history you realize this is not what is threatening the credit worthiness, it is spending. >> to exploit, who...
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Jan 13, 2013
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>> i hope the president can turn this economy around. we are all rooting for our economy. but his policies are a disaffer and the american people are scared to death. >> eric: joe, if you listen to matt, the president's policies may not seem to work? >> well, i -- with respect to matt, i tried to let the facts. he's right. we need a fair, simple and compliant tax code. we have $150 billion that corporations do in tax expenditures to avoid the tax rates. so their tax rate on average is 16%, not 35%. but that's inefficient. we have to do what matt said, and tax people efficiently. if you go back to world war ii and take all the years since then, when our tax rate was 70% in the 50s and you look at periods with more than 38%, we had an employment rate that grew of .5%. when the tax rate was -- excuse me -- was 2%. when the tax rate went down to 38% or below, we grew at five%. my point is this is not taxes. what is key, let's take murderrive and regalations on businesses, they have increased. if they are paying 33% more for regulations per individual, you are not opening up th
>> i hope the president can turn this economy around. we are all rooting for our economy. but his policies are a disaffer and the american people are scared to death. >> eric: joe, if you listen to matt, the president's policies may not seem to work? >> well, i -- with respect to matt, i tried to let the facts. he's right. we need a fair, simple and compliant tax code. we have $150 billion that corporations do in tax expenditures to avoid the tax rates. so their tax rate on...
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Jan 19, 2013
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state and local level consumes one-third more of the economy in california and texas. said one-third of the nation beaufort one negative 11 negative welfare recipients are in california all there 1/8 of the population. everything. john: a percentage of households receiving public assistance is much higher in california and lower than average in texas. that means that you start the pork people. >> 42% lower cost of living in texas and california. u.s. census bureau has been criticized over 20 years for not taking into account the cost of living that different states with housing and food and clothing. john: there was the old poverty rate measure were texas lost 16 percent of the people in california were in poverty, of 17 percent in texas but now it includes the cost of living. >> and government benefits. with this new measure would week after the election news see the state with the highest poverty rate in the nation is california even higher than the district of columbia. that should be a warning to progressives who maintain the big government model is the path of to
state and local level consumes one-third more of the economy in california and texas. said one-third of the nation beaufort one negative 11 negative welfare recipients are in california all there 1/8 of the population. everything. john: a percentage of households receiving public assistance is much higher in california and lower than average in texas. that means that you start the pork people. >> 42% lower cost of living in texas and california. u.s. census bureau has been criticized over...
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Jan 16, 2013
01/13
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if thing so peach we this economy, -- peachy with this economy, why are neil: 401(k) not okay, people are so tapped out, one in four are tapping in just to meet their basic expenses, that is up just in last 4 years. you know don, you were warning about this. even in go-go period. to tap what are supposed to be the funds for retirement. like a cash register. now, understand abily more so. why do our about it? >> when they started this, they were replacing a pension with a 401(k). and they assumed two things, first money would go in and stay there and second it would be run properly, neither one happened. it has na not been run properly, people have been taking the money out, estimates vary 80% of what sposed to be there. in problem is that people who are most likely to take it out are those at lower income level who will needhe money when they retire more. neil: and they pay penalties and early withdrawel. th only argument for it, is what is worse, i'm borrowing for myself, and paying myself back? >> you can't pay yourself back, you can take it out but you can't put it back in. in a ta
if thing so peach we this economy, -- peachy with this economy, why are neil: 401(k) not okay, people are so tapped out, one in four are tapping in just to meet their basic expenses, that is up just in last 4 years. you know don, you were warning about this. even in go-go period. to tap what are supposed to be the funds for retirement. like a cash register. now, understand abily more so. why do our about it? >> when they started this, they were replacing a pension with a 401(k). and they...
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Jan 20, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair c
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most...
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Jan 19, 2013
01/13
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believe it or not the flu costs our economy $87 billion. i don't know about you but regardless of all the medicine and remedies and germ sanitizers available it still seems like everyone i know is either out with the flu or they're panicked about getting it. makes me wonder if we need to take a step back, take a deep breath and ask of all the money we're spending is just going down the drain? with me is dr. sreedhar potarazu. head of vital spring technologies. dr. p, welcome back to the show. >> thank you for having me back. melissa: stop the purell madness. i'm surrounded by it here on the set because we have it all over the building. everyone is sick. everyone is panicked. you hear my voice. everyone we're all sick but we're purelling ourselves to death. is it not working? >> well, do you have a bottle on your desk right now? melissa: it is funny that you should say that because, yes i do. i have one in my purse. and -- >> turn the bottle around and tell me what the percentage of alcohol is in that? >> 70%. >> that one is okay but a lot o
believe it or not the flu costs our economy $87 billion. i don't know about you but regardless of all the medicine and remedies and germ sanitizers available it still seems like everyone i know is either out with the flu or they're panicked about getting it. makes me wonder if we need to take a step back, take a deep breath and ask of all the money we're spending is just going down the drain? with me is dr. sreedhar potarazu. head of vital spring technologies. dr. p, welcome back to the show....
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Jan 16, 2013
01/13
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FBC
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raising taxes grows the economy or -- >> no, it does not grow the economy. we have to be serious how much the president contributed to overall debt picture. $6 trillion since he came to office. nearly $20,000 per united states citizen has been added since president obama came into office. so just silly to argue he hasn't contributed. melissa: blame game gets us nowhere because everybody contributed to it. god it is a mess and we have to fix it. when you hear people like nancy pelosi saying the fiscal cliff was not enough on the revenue side. you hear, you know, many politicians chiming in. howard dean, for example, saying in december that the truth is everybody needs to pay more taxes. we're not going to get out of this deficit problem unless we raise taxes across the board. the rich can't solve the problem. i guess that is where i'm going with this is, it seems like, especially from what you're saying susan, everyone will have to pay more taxes to get out of this. >> i actually don't agree with that point. i don't agree with howard dean either. we're not lo
raising taxes grows the economy or -- >> no, it does not grow the economy. we have to be serious how much the president contributed to overall debt picture. $6 trillion since he came to office. nearly $20,000 per united states citizen has been added since president obama came into office. so just silly to argue he hasn't contributed. melissa: blame game gets us nowhere because everybody contributed to it. god it is a mess and we have to fix it. when you hear people like nancy pelosi...
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Jan 17, 2013
01/13
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we're competing in a global economy, and i want to do the best that i can for our citizens. neil: governor, if you get rid of the exemptions and everything else and the sales tax side, you are not rising the sales tax? the rate, itself, stays the same? >> that's right. the rate stays the same. over the years, we've granted more exemptions than we collect in sales taxes, and that's unfortunate. there were reasons we may have done that over the years, but it no longer makes sense. we need a tax code that's simpler, fairer, and modern, and leaders in the state want simplicity and fairness. they are tired of having their wyers and accountants mind the tax code for exemptions rather than the marketplace. they want to be able to compete, and i want to create a better environment for them, nd that helps our citizens. neil: neil, i'm for an efficient tax system, but i recognize we need taxes obviously, and i'm just wondering whether it borders on irresponsible when there's so many republicans, yourself including, bobby in louisiana, and governor bob mcdonald and getting rid of the g
we're competing in a global economy, and i want to do the best that i can for our citizens. neil: governor, if you get rid of the exemptions and everything else and the sales tax side, you are not rising the sales tax? the rate, itself, stays the same? >> that's right. the rate stays the same. over the years, we've granted more exemptions than we collect in sales taxes, and that's unfortunate. there were reasons we may have done that over the years, but it no longer makes sense. we need a...
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Jan 15, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with thermacare heatwraps. thermacare works differently. it's the only wrap with patented heat cells that penetrate deep to relax, soothe, and unlock tight muscles. for up to 16 hours of relief, try thermacare. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bronchitis and emphysema. it should not be taken more than twice a
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with thermacare heatwraps. thermacare works differently. it's the only wrap with patented heat cells that penetrate deep to relax, soothe, and unlock tight...
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Jan 15, 2013
01/13
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the american people don't believe should be slashed, that we're going to threaten to wreck the entire economy. look. i -- i don't think anyone would consider my position unreasonable here, democrats don't like voting for the debt ceiling when there is a republican president. but you never saw a situation in which democrats suggested somehow that we would go head and default if we didn't get 100% of our way that. is not how it's supposed to work. >> sean: i can't help but you remind that had obama in 2006 was a junior senator from illinois who opposed raising debt ceiling that. is right. barack obama scolding republicans for linking p spending cuts to raising debt ceiling himself voted against raising the debt ceiling. here is what the anointed one said in 2006, said leadership means the buck stops here, washington is shifting burden of bad choices today onto the backs of our children and our grandchildren. er america has a debt, and a failure of leadership. americans deserve better, i, therefore, intend to oppose the efforts to increase american's debt limit so he is doing what he said should
the american people don't believe should be slashed, that we're going to threaten to wreck the entire economy. look. i -- i don't think anyone would consider my position unreasonable here, democrats don't like voting for the debt ceiling when there is a republican president. but you never saw a situation in which democrats suggested somehow that we would go head and default if we didn't get 100% of our way that. is not how it's supposed to work. >> sean: i can't help but you remind that...
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Jan 15, 2013
01/13
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economy? ? i mean, there are lots of perilous things that will kick into place. >> in the short-term, sadly, perversely not so bad. >> right. >> i don't think it's going to have a huge impact on -- short-term. the question is it's a long-term thing, and that's two, three, four, five, ten years out, and that's what you are fighting against. yeah, short-term, i don't think anyone will care. >> nobody goes to fish to decide -- >> why do they rate treasuries? go, fitch. go away, s&p. we know what the interest rates are. that's how people think of debt. >> what we are capable of, and are we -- >> pa what our standing should be and what our rating should be. there's no question. i don't think in the short-term we have any -- and, sadly, that gives no cover to anybody in washington on this issue. >> it does not. well, we will certainly be discussing this in the days ahead. after the break, one of the most glaring examples of what colin powell calls the gop's identity problem is its stance on immigratio
economy? ? i mean, there are lots of perilous things that will kick into place. >> in the short-term, sadly, perversely not so bad. >> right. >> i don't think it's going to have a huge impact on -- short-term. the question is it's a long-term thing, and that's two, three, four, five, ten years out, and that's what you are fighting against. yeah, short-term, i don't think anyone will care. >> nobody goes to fish to decide -- >> why do they rate treasuries? go,...
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Jan 19, 2013
01/13
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FBC
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the white house folks is saying that is the economy, stupid. it is percolating again. you say no? >> no. i think joe alluded to it. he touched upon it just now. many economists are talking about the fact that the worry is coming from corporations, both big and small businesses, not hiring, neil. that is because they can't trust this president to be an honest negotiator. so, we, you know the speaker of the house, and the minority leader, mitch mcconnell, gave the president what i call tax blood. he said, okay, we're going to give in. we'll let you raise taxes on the rich. which only will reyour trillion dollar deficit spending each year 5%, folks. so they gave them that. what does he come back with? we want more. i want more tax hikes which aren't going to do anything to calm the debt and the spending. he is not willing, and so i think back to what joe said. i think marco said this too. small business owners and large corporations can't trust the president. that's why they're sitting on top of all this cash and not hiring. that doesn't bode well. neil: marco, quickly you see nothin
the white house folks is saying that is the economy, stupid. it is percolating again. you say no? >> no. i think joe alluded to it. he touched upon it just now. many economists are talking about the fact that the worry is coming from corporations, both big and small businesses, not hiring, neil. that is because they can't trust this president to be an honest negotiator. so, we, you know the speaker of the house, and the minority leader, mitch mcconnell, gave the president what i call tax...
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Jan 21, 2013
01/13
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and we're going to put this nation's economy on a sustainable path to the future. >> and let me tell you, it is just been a true thrill to watch this handsome, charming individual grow into the man and the president that he is. >> first of all, i love michelle obama. and to address the most significant vent of this weekend, i love her bangs. she looks good. >> that is so cute. >>> the world will be watching as president obama lays out his plans for the next four years and he set the bar high saying abraham lincoln's second inaugural is the most like he would like to emulate. danielle leigh is at the center of it all. >> reporter: good morning. it was a couple minutes ago that we saw the first people begin arriving for this public ceremony later this morning. we're expecting up to 800,000 people to crowd on to the national mall where i'm standing to watch history in the making. president obama taking the oath of office for the final time. all along where i'm standing there are big screens to help people get as close a view as possible, even as they are prodded several blocks back from
and we're going to put this nation's economy on a sustainable path to the future. >> and let me tell you, it is just been a true thrill to watch this handsome, charming individual grow into the man and the president that he is. >> first of all, i love michelle obama. and to address the most significant vent of this weekend, i love her bangs. she looks good. >> that is so cute. >>> the world will be watching as president obama lays out his plans for the next four years...
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Jan 21, 2013
01/13
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CSPAN
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we are going to put this nation's economy on a sustainable path to the future. ladies and gentlemen, it is my great honor to introduce you to a magnificent first lady, michelle obama and the guy she hangs out with, my friend, president barack obama. [applause] hey. [applause] cominght you weren't out! i thought you weren't coming. but you changed your mind. [applause] >> hi, everybody. [applause] excuse our tardiness, but you know what? when stevie wonder has a few words to say to you, you don't rush stevie wonder. pardon our delay. [applause] thank you so much. thank you for that kind introduction. more importantly, thank you for your leadership. [applause] i love joe biden. [applause] i love jill a little bit more. [laughter] but i want to thank you both for making this journey so much more fun. our families have bonded and this has just been a phenomenal four years. i am ready to do four more with both of you. most of all, i want to thank all of you here tonight for everything you have done to bring this inauguration to life. this weekend has been such a wond
we are going to put this nation's economy on a sustainable path to the future. ladies and gentlemen, it is my great honor to introduce you to a magnificent first lady, michelle obama and the guy she hangs out with, my friend, president barack obama. [applause] hey. [applause] cominght you weren't out! i thought you weren't coming. but you changed your mind. [applause] >> hi, everybody. [applause] excuse our tardiness, but you know what? when stevie wonder has a few words to say to you,...
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Jan 18, 2013
01/13
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FBC
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we will continue the discussion and find out what has happened and why taking a look now at the economy, its effect on the market today, good news, jobless claims dropping sharply last week, down to the lowest levels, in fact, since january of 2008. the housing sector showing its best performance in four year last month. housing for all of last year rising 28 percent, increases seen across the entire country. the good news includes permits for new start-ups. up 30% last year. the good newsdriving the snb to its best finish since late 2007 with stock prices closed higher for a third straight day. the dow up 85 points, s&p up eight to monastic 18 and a half. a 5-year high. volume on the big board, volume picking up. to bank stocks hurting the dow performance. bank of america reporting disappointing earnings. profits last 63 percent by charges related to billions of dollars in settlements on bad mortgages. city profits down 3% taking a $2 billion charge for litigation costs. not all banks disappointed. pnc profits surging 47%. investors applauding pushing the stock up almost 4%. commoditie
we will continue the discussion and find out what has happened and why taking a look now at the economy, its effect on the market today, good news, jobless claims dropping sharply last week, down to the lowest levels, in fact, since january of 2008. the housing sector showing its best performance in four year last month. housing for all of last year rising 28 percent, increases seen across the entire country. the good news includes permits for new start-ups. up 30% last year. the good...
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Jan 17, 2013
01/13
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FBC
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this country faces, according to respondents of the latest gallup poll looking at the deficit and the economy and unemployment is far more important. public policy in washington. the president is going after our guns, unveiling the most sweeping set of gun-control proposals and nearly two decades here is this moments. the reson that there is so for the second amendment to prevail despite his assault. the decade-long assault weapons ban, which ran from 1994, it did not work. 1994 was a different year, by the way, then this year, 2013. and the political conditions are quite different because the reality of america is quite different. it is important to look back and think about the fact that in '94, the house, the senate, and the white house were all controlled by democrats. today republicans control just the house as the president likes to constantly remind us. back then president clinton pushed the assault weapons ban as part of a broader crime bill. it was not just an imperious and grabbed, but it was an important piece of legislation, and it was a different time. despite the prosperity, the
this country faces, according to respondents of the latest gallup poll looking at the deficit and the economy and unemployment is far more important. public policy in washington. the president is going after our guns, unveiling the most sweeping set of gun-control proposals and nearly two decades here is this moments. the reson that there is so for the second amendment to prevail despite his assault. the decade-long assault weapons ban, which ran from 1994, it did not work. 1994 was a different...
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Jan 19, 2013
01/13
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so it is a large and complex economy. i don't know if you want to talk about the broader economy or not, but we can come back to it if you like. we have been seeing some improvement in the labor market. it is still not where we would like to be. growth has been moderate. there are some positive signs to look at. one of the key positives is housing. as you know, house prices fell about 30% and the amount of construction fell extraordinarily over this recession. now for the first time since 2007 or 2006, we see increases in production. rising house prices will affect household wealth. that is what i hope will be a better year in 2013 and 2014. a few other things that are positive, just to point out, is that state and local governments which had been very contraction remote -- great contraction ary mode, they are in better shape than they were. as a result, they will not be a drag on the academy that they have been in the last few years. -- on the economy that they have been in the last few years. energy. consumers are more
so it is a large and complex economy. i don't know if you want to talk about the broader economy or not, but we can come back to it if you like. we have been seeing some improvement in the labor market. it is still not where we would like to be. growth has been moderate. there are some positive signs to look at. one of the key positives is housing. as you know, house prices fell about 30% and the amount of construction fell extraordinarily over this recession. now for the first time since 2007...
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Jan 21, 2013
01/13
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CNNW
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. >> the president will either rise or fall above the economy. >> obama is off to a head start with current approval rating higher than first-term average, but he faces fightsory gun control and immigration reform. >> this is when presidents get tested. unexpected things happen and they have to react almost in real time on the spot. this is when we get to see the true character of a president. >> in the dedication of a nation. >> reporter: just 16 presidents have been elected to a second term, including some of the great ones. obama, the 17th, will now get his shot at greatness or not. >> and one of the highlights of the presidential inauguration are these huge star-studded parties. we'll take you inside the exclusive events after this quick break and it looks like the party has already started behind me. we'll be right back. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c
. >> the president will either rise or fall above the economy. >> obama is off to a head start with current approval rating higher than first-term average, but he faces fightsory gun control and immigration reform. >> this is when presidents get tested. unexpected things happen and they have to react almost in real time on the spot. this is when we get to see the true character of a president. >> in the dedication of a nation. >> reporter: just 16 presidents have...
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Jan 13, 2013
01/13
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in order to do that, we have to invest more in this economy. we're investing half as much as we used to. in infrastructure. we're investing half as much in science and technology. and we're investing much less than we used to in core areas of education. state universities for example are being decimated. so if you don't invest for the future, where are you going to get the growth in the future? >> but in 2008 and 2009, invest became a bad word, invest became government spending. when you're talking about investing, you're talking about it in a fairly sophisticated manner. some in the government. some the private sector, each on their own and some jointly. that kind of discussion feels dead on arrival in this political environment where we can't get something like a basic budget done. >> the problem is we're going to have to do some of this, anyway. anyone who owns a home knows this. if you defer maintenance, if you say to yourself, my boiler is leaking but i'm not going to fix it, that's actually a penny wise, pound-foolish decision. it will ev
in order to do that, we have to invest more in this economy. we're investing half as much as we used to. in infrastructure. we're investing half as much in science and technology. and we're investing much less than we used to in core areas of education. state universities for example are being decimated. so if you don't invest for the future, where are you going to get the growth in the future? >> but in 2008 and 2009, invest became a bad word, invest became government spending. when...